Lagos Land Use Charge Rate Reviewed

Lagos Land Use Charge Rate Reviewed

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Rabiu Olowe, Commissioner for Finance said that the reversal in the Land Use charge law of 2020, and the reduction of the annual charge for agricultural land from 0.076 to 0.01 per cent would reduce the people’s financial burdens. He said that The Land Use charge is to be reversed to what it was before 2018 and also penalty for defaulters between 2017 and 2019 should be waved.

The reviewed Land Use charge law also exempts property of pensioners, including public and private retirees or persons who have attained the age of 60 and are not active in any profit-making business from Land Use charge, whereas, profit-making cemeteries and burial grounds and private libraries are not exempted from the Land Use charge.

The government also re-introduced 15 per cent and 10 percent COVID-19 incentive,

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